FXstreet.com (Barcelona) – Gold has added around $20 an ounce since Asian markets opened almost 24 hours ago. The precious metal has maintained a steady bullish mood leading gold to mark a fresh one-week high at 1,128.50 zone.
On US opening bell, traders caused the price to skyrocket up $15 in the blink of an eye. Ever since, the yellow metal has been consolidating. At the moment, the value can be found gravitating around 1,127.00 area
Investors opted to buy gold as a safe-haven over struggling currencies and fears on leading economies being pushed to the edge of being threatened to loose its triple-A credit rating.
